ASSET Finance
Birmingham & Wolverhampton
CELEBRATING 10 Years
Birmingham & Wolverhampton
Birmingham & Wolverhampton
Birmingham & Wolverhampton
Asset finance is a term that covers a number of different types of corporate finance. Asset finance enables companies to purchase assets essential for their companies to grow successfully. Paying cash for assets can be a significant drain on working capital. With asset finance cash flow is eased through regular payments over an agreed period of time.
Hire Purchase : This is the most readily available credit facility. You pay a deposit to the finance company who takes title of the goods direct from the supplier. Title is not then transferred to you until the end of the agreement. Hire Purchase agreements can be based on a fixed or variable rate.
Lease Purchase : This is practically identical to Hire Purchase, the only difference being that instead of paying a percentage deposit you pay a deposit as a multiple of the repayments. Again, Lease Purchase agreements can be based on a fixed or variable rate.
Finance Lease : With any finance lease contract the finance company takes full ownership of the asset and rents the goods to you over a predetermined period.
Operating Lease : The only difference between an operating lease and a Finance Lease is that the primary period rentals do not cover substantially all of the capital cost and hire charges. The asset then needs to be sold on at the end of the primary period to recover the residual value.
Please note: The Financial Conduct Authority does not regulate Asset Finance.
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Newstead Clark Financial Services
Local Offices in Birmingham & Wolverhampton
providing the best advice, service & information on Personal & Corporate finance services
The Newstead Clark team have decades of experience in providing the best in Personal and Corporate Finance Services. Our ethos of offering a 100% hassle-free service sets us apart from the rest of the financial advisors market place.
Registered Office: 2 First Floor 2 Venture Court, Wolverhampton Business Park, Wolverhampton, West Midlands, England, WV10 6TB. Company number 04461132
FCA Ref. No. 707549
Grosvenor House
11 St Pauls Square
Birmingham
B3 1RB
0121 452 1511
First Floor, 2 Venture Court
Wolverhampton Business Park
Wolverhampton
WV10 6TB
01902 912423